Taiwan Semiconductor Manufacturing Co (TSMC)’s US-listed shares were trading at nearly a 25% premium to its domestically listed shares as of last Friday, the highest in over two months.

This increase signals that global investors are still willing to pay a premium for stocks expected to benefit from the AI boom.

The 24.6% premium noted at Friday’s close exceeds the daily average of 19% for the quarter.

The increase is attributed to differing performances between TSMC’s Taipei and New York shares.

On Friday, local shares fell 3.3% after a volatile Asian trading, while improved sentiment in New York lifted TSMC’s US shares by 1.3%.

Recent TSMC developments